Great presentation at IPAA a few days ago, nice to see them getting the story out. As of 9/20 production was up to 3,250 boepd and they've just logged another great well, the Roux, which was considered a PUD location pre-drill but ended up discovering a bunch more hydrocarbons than originally expected. Can't wait to see what this well IP's at. Its not that much of a stretch to think that this well alone would be enough to get them very close to or maybe even over the magical mystical 4,000 boepd net production mark.
Still no word about a bank revolver, and I'm beginning to think that they might be waiting to show the bank September financials before locking in the line. Obviously the better their financials look the better terms they will get for the line, and September should be a great month given that their average production will be solidly over 3.000 boepd for the month.
